275
275
Feb 25, 2010
02/10
by
CNBC
tv
eye 275
favorite 0
quote 0
bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance reforms, cutting the deficit and sxabding health care coverage. treasury secretary timothy geithner meeting with financial industry groups today at 11:00 a.m. new york time and this comes as it's said the obama administration is close to saving a reform bill. reports say geithner met with bankers on wednesday night to discuss the matter. >> toyota closed down 0.2% after staying in positive territory. overnight, the company's president apologized to u.s. congress and millions of toyota drivers over its recent safety issues. and speaking to employees
bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance...
249
249
Feb 4, 2010
02/10
by
CNBC
tv
eye 249
favorite 0
quote 0
i think this is an object less sunday for ben bernanke and the federal reserve, that there is a very substantial penalty for early withdrawal. we're seeing china and india tighten, now europe withdrawing its liquidity facilities. the u.s. would do well to mind this lesson. if we start to syphon off some of the liquidity, there really could be hell to pay. what we're seeing, when you mention gold, the deflation trade is being put back on. the dollar is going up, gold is going down, oil is collapsing, commodities across the board have been very weak. equity markets are falling all at the same time while domestic rates drop. for anybody worried about inflation in united states, the dollar is going up, u.s. rates are going down and the u.s. on a relative basis is still the safest market in the world no matter what anybody sayless. but there is a danger if the fed doesn't heed the lessons of what's going on elsewhere in the worldtion we, too, could face some of the problems like europe, although our banks are in better shape than yours. >> which is why, rick santelli, the china trade, you
i think this is an object less sunday for ben bernanke and the federal reserve, that there is a very substantial penalty for early withdrawal. we're seeing china and india tighten, now europe withdrawing its liquidity facilities. the u.s. would do well to mind this lesson. if we start to syphon off some of the liquidity, there really could be hell to pay. what we're seeing, when you mention gold, the deflation trade is being put back on. the dollar is going up, gold is going down, oil is...
116
116
Feb 26, 2010
02/10
by
CSPAN
tv
eye 116
favorite 0
quote 0
in testimony before this committee yesterday, chairman bernanke recommended we take steps to determine the future of gse's this year. with american taxpayers exposed to hundreds of billions of dollars in losses from fannie mae and freddie mac continuing operations, do you agree with german bernanke that we cannot afford to wait until next year to decide the gse's future? Ñi>> i believe the time is now o figure out what the proper questions are to ask him what is the proper role the government in the housing system, what is the future structure and objectives of the housing and finance system that policy makers believe is in the best interests of the country and i believe there is plenty of important questions and it is time to start asking in working toward answers right now. with that said, i appreciate the difficulties and challenges in getting to that as of the counter and get into a formal structure. i understand that will take a while. i believe we should absolutely take the time to get it right. i would be happy to work with this committee to start going through what some of tho
in testimony before this committee yesterday, chairman bernanke recommended we take steps to determine the future of gse's this year. with american taxpayers exposed to hundreds of billions of dollars in losses from fannie mae and freddie mac continuing operations, do you agree with german bernanke that we cannot afford to wait until next year to decide the gse's future? Ñi>> i believe the time is now o figure out what the proper questions are to ask him what is the proper role the...
223
223
Feb 5, 2010
02/10
by
CNBC
tv
eye 223
favorite 0
quote 0
we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at 1130, the stock market droops here. the second time in a row. guys in europe are getting concerned. they want to lighten up. second thing that happened that's important here, is dollarle rallied at the exact same moment we had yesterday. of course, what happens when that happens? it puts pressure on commodities and puts pressure on commodity stocks. all the big names in energy and the material groups on the weak side. and sharon, we saw a heck of a lot of contracts traded in oil in the last hour and a half. >> that's right. over 400,000 contracts traded today, bob, and this is the second straight day of massive contract
we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at...
280
280
tv
eye 280
favorite 0
quote 0
. >>> ben bernanke has been sworn in for a second term as chairman of the federal reserve. bernanke vowed to preserve the fed's independence, despite a move in congress to tighten control over the central bank. >>> and preparing for a snowy weekend from 1 inch in new york to almost 2 feet in baltimore. meteorologist rob marciano tracking this massive winter storm. what's going on. feast appetizer. [dinner bell chimes] high quality ingredients like wild alaskan salmon in a delicate broth, without by-products or fillers. fancy feast appetizers. celebrate the moment. in the north of england to my new job at the refinery in the south. i'll never forget. it used one tank of petrol and i had to refill it twice with oil. a new car today has 95% lower emissions than in 1970. exxonmobil is working to improve cars, liners of tires, plastics which are lighter and advanced hydrogen technologies that could increase fuel efficiency by up to 80%. >[t:p][n:e plastics which are lighter and advanced hydrogen technologies announcer: the smallest moments can have the biggest impact on a child'
. >>> ben bernanke has been sworn in for a second term as chairman of the federal reserve. bernanke vowed to preserve the fed's independence, despite a move in congress to tighten control over the central bank. >>> and preparing for a snowy weekend from 1 inch in new york to almost 2 feet in baltimore. meteorologist rob marciano tracking this massive winter storm. what's going on. feast appetizer. [dinner bell chimes] high quality ingredients like wild alaskan salmon in a...
327
327
Feb 5, 2010
02/10
by
CNBC
tv
eye 327
favorite 0
quote 0
>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an expensive area, i know that. i don't know. it's over there. >> reporter: over there? >> across the way. >> say it slowly. united arab emirates. >> reporter: how much is $1,000 worth of gold worth? >> $1,000 worth of gold? $1,000. >> reporter: $1,000 worth of gold is probably worth $1,000, right? >> no, more than that. >> reporter: $1,000 of gold is worth more than $1,000 of gold? >> gold is up right now. >> reporter: what is the interest rate in the country right now, what%? >> 50. >> 38. >> 38. >> 38. >> reporter: lower. >> 28. >> reporter: lower. >> 18? 8? >> reporter: higher. >> 11. >> reporter: lower. >> 10. >> reporter: yes. >> wow. what everybo
>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an...
203
203
Feb 7, 2010
02/10
by
CSPAN2
tv
eye 203
favorite 0
quote 1
idea that once they come that they are going to come back into a government position and i know ben bernanke and hank paulson are well-known for this. could you talk a little bit about that in any ideas on how that could be stopped through laws or voter action or anything? >> i'm glad you reminded me about the revolving door. i see this happening. i see my friends do this. they dress like me when they are working on capitol hill and i see them two years later and they have really nice suits with a french cuff and offer to buy lunch. the left the capitol to up working for congress and a lobbying firm hired them because they knew that when the friend then calls his old underling on capitol hill to say hey i just want to talk to you about the farm bill, that his old boss or his old bosses colleagues are going to take the call and that is the revolving door. barack obama's said literally, i'm going to stop the revolving door. is white house chief of staff, rahm emanuel-- there is not, as the word for rahm emanuel because welby was working on the campaign is a chief fund-raiser he was getting pai
idea that once they come that they are going to come back into a government position and i know ben bernanke and hank paulson are well-known for this. could you talk a little bit about that in any ideas on how that could be stopped through laws or voter action or anything? >> i'm glad you reminded me about the revolving door. i see this happening. i see my friends do this. they dress like me when they are working on capitol hill and i see them two years later and they have really nice...
229
229
Feb 18, 2010
02/10
by
CSPAN2
tv
eye 229
favorite 0
quote 0
, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want medicare. medicare is a government program. these are success stories. our health care costs are out of line in such as security has not been rising in its share of the budget and it will in the near future is baby boomers are retiring and getting benefits. in fact it actually fell a few years
, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular....
726
726
Feb 3, 2010
02/10
by
MSNBC
tv
eye 726
favorite 0
quote 1
. >>> ben bernanke. >> yes. >> who oversaw the collapse of not only the united states, but pretty much the entire world financial system. >> right. >> and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> wow. >> eliot spitzer taking shots from colbert last night. here with us now, founder, editor of thedailybeast.com, tina brown. >> good morning, everyone. >> great to see you. we'll get to your explosive piece about andrew young. have you quite a bit to say about john edwards' body man. we may have to bleep that. but first, maureen dowd's don't ask, don't tell op-ed. she writes in part -- tinea it was a pretty remarkable day on capitol hill. >> i thought it was pretty believing. very moving indeed. one does ask whether it will ignite a cultural war thing and distract. that's the only thing that scares me, we do need to be focused on jobs now. the timing seems strange. but having said that, it was a moving moment. it is obscene we ha
. >>> ben bernanke. >> yes. >> who oversaw the collapse of not only the united states, but pretty much the entire world financial system. >> right. >> and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> wow. >> eliot spitzer taking shots from colbert last night. here with us now,...
127
127
Feb 28, 2010
02/10
by
CSPAN
tv
eye 127
favorite 0
quote 0
. >> thank you and welcome chairman bernanke. Ñi i'm interested in the suggestion made recently about curtailing some of the investment banking risks they are taking. he brings up an important subject and touches on it. it's bigger than what he has addressed. when we repealed against ñrthis i also believe there's been a moral has order caused by a fra decision of a line of credit given to freddie mac. the concept still persists that it is too big to fail. nobody is going to walk away. there's this dpar untea that the government will be there to bail out anybody that looks like is going to shake it up. it doesn't matter the bad debt and burden on the american taxpayer. it is still there. creating a tremendous moral hazard. the real problem over the decades has been the perception put into the markets pretending there is a saveings ore actually capital out there. this is the moral hazard because they believe something that is not true. we see the disintegration of the system we have already created. we have already been in a fina
. >> thank you and welcome chairman bernanke. Ñi i'm interested in the suggestion made recently about curtailing some of the investment banking risks they are taking. he brings up an important subject and touches on it. it's bigger than what he has addressed. when we repealed against ñrthis i also believe there's been a moral has order caused by a fra decision of a line of credit given to freddie mac. the concept still persists that it is too big to fail. nobody is going to walk away....
160
160
Feb 11, 2010
02/10
by
CSPAN
tv
eye 160
favorite 0
quote 0
bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our fifth symposium and they seem to get better every year, if that is indeed possible. thank you all for making this such a productive in event. all right, we will begin with our question and answer is, and because there are more of you then of view, we're going to start on this side. >> this is a question for mr. kantor. and cultural prophets redeem themselves with accurate insights? >> i am not sure that i understand the question. >> you are talking about cultural prophesied and you believe that they cannot predict accurately. bu
bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our...
203
203
Feb 26, 2010
02/10
by
CSPAN
tv
eye 203
favorite 0
quote 0
ben bernanke, by the esteemed mr. representative ron paul, who wants to audit the fed -- something you will be humanly go against, which we can understand. you are a bank. if you go into a bank and audit and find things that do not add up, you try to fix it. host: we got the point. ron paul, etc.. guest: i get these questions often. it is interesting, the misinformation that comes forward from this kind of a call. let me explain first of all -- representative paulñr has every right to his views. he calls it "the fed, but it is really and the fed -- he calls it autit the fed, but it is really end the fed. the fed is audited by the government accounting office, or the government accountability office. it is audited by a major auditing firm. it is audited by the treasury. our bank is examined by the board of governors. so there is an enormous amount of auditing that goes on within the federal reserve. exceptions are found, we are held accountable for that and we correct them. in terms of allegations against the chairman
ben bernanke, by the esteemed mr. representative ron paul, who wants to audit the fed -- something you will be humanly go against, which we can understand. you are a bank. if you go into a bank and audit and find things that do not add up, you try to fix it. host: we got the point. ron paul, etc.. guest: i get these questions often. it is interesting, the misinformation that comes forward from this kind of a call. let me explain first of all -- representative paulñr has every right to his...
195
195
Feb 17, 2010
02/10
by
CSPAN
tv
eye 195
favorite 0
quote 0
bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we are on this issue. host: simon johnson is the author of an upcoming book, "13 bankers." when will this come out? guest: when wilthe end of march. i do not think this problem is going to go away anytime soon. host: wyoming, republican line. caller: i would just like to say a few things and please do not cut us off because we do not get a chance to get in as many times as the democrats and the independent line. i'm a conservative woman of color. i notice every time on c-span and i get to be disappointed. and i will get to my question. i notice a tal
bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we...
185
185
Feb 17, 2010
02/10
by
CSPAN2
tv
eye 185
favorite 0
quote 0
i expected, i knew when we went up there is a scene in the book talking bernanke and chris cox and said we will meet these authorities. the difficulty we had has warned said much better, the arteries in the financial system more for using up. so i knew with a certainty business would turn down. when you have companies it is uncertain if they can raise short-term funding, most cfo's will say boss, i'm not be able to handle the funding you like for the next 30 day said they start cutting back. but congress had not seen this yet. not in their districts. so i knew with a certainty it would get worse. i am not sure i knew it would be 10% unemployment but i knew it would be bad. minute if they didn't do something, and it collapsed, then the business is could not find themselves are paid for inventories and pay suppliers and let employees go and that would ripple through and we would have armageddon. so when the economy did turn down, we have a terrible situation as congress sought bids because they saw it as the american people but we said give us the use of 30's and if you don't, we will be
i expected, i knew when we went up there is a scene in the book talking bernanke and chris cox and said we will meet these authorities. the difficulty we had has warned said much better, the arteries in the financial system more for using up. so i knew with a certainty business would turn down. when you have companies it is uncertain if they can raise short-term funding, most cfo's will say boss, i'm not be able to handle the funding you like for the next 30 day said they start cutting back....
212
212
Feb 18, 2010
02/10
by
CSPAN2
tv
eye 212
favorite 0
quote 0
sino ben bernanke and st. paul said are well known for this could you talk about that and any ideas on how that could be stopped through laws or voter action and? >> i am glad the reminded me. i see this happening. my friends do this to dress kind of like me when they work on capitol hill but two years later have a nice suits with french cuffs and offer to buy me lunch because they left their capitol hill job working for a congressman and a lobbying firm hired them because they know when somebody says the want to talk to you, the old boss colleague will take the call. that is the revolving door. barack obama reit literally said i will stop the revolving door. his white house chief of staff is from emmanuel it is almost up the right word because all he was werke ag bill clinton 1982 campaign he was getting paid by goldman sachs as a consultant at the same time for nondescript work. he may have been getting paid to work for bill clinton for all been no. then he leaves a couple years before clinton to work in a p
sino ben bernanke and st. paul said are well known for this could you talk about that and any ideas on how that could be stopped through laws or voter action and? >> i am glad the reminded me. i see this happening. my friends do this to dress kind of like me when they work on capitol hill but two years later have a nice suits with french cuffs and offer to buy me lunch because they left their capitol hill job working for a congressman and a lobbying firm hired them because they know when...
164
164
Feb 17, 2010
02/10
by
CSPAN2
tv
eye 164
favorite 0
quote 0
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the money market funds saved. if we have 3.5 trillion fun missile by 30 million people who on is and they might are worrying about whether they can get their money that was half of all the process held by u.s. banks at the time you have a panic. you had commercial paper frees up entirely in the biggest companies of the united states and some are described in this book that worried whether they were going to meet their payroll and a short period of time to read the sixth largest bank in the country in terms of the domestic deposits, washington mutual failed over a weekend. y
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the...
118
118
Feb 17, 2010
02/10
by
CSPAN
tv
eye 118
favorite 0
quote 0
we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15. then what we have on september 23, the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion. they have a 2 1/2-page bill. they don't know what they're going to do with the money. but if you don't give it to them, it's world is going to end. that makes you uncomfortable if you're deciding what to do with your investment. not only that, but the next day, the president of the united states comes on national television and says the following, speaking to the american people to get them calmed down a little bit. he said financial assets related to home mortgages have lost value during the housing decline and the banks holding these assets have restricted credit. as a result, our entire economy is in danger. so i propose that the federal government reduce the risk posed by these trouble assets and supply urgently needed money so banks and other financial institutio
we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15. then what we have on september 23, the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion. they have a 2 1/2-page bill. they don't know what they're going to do with the money. but if you don't give it to them, it's world is going to end. that makes you...
119
119
Feb 17, 2010
02/10
by
CSPAN2
tv
eye 119
favorite 0
quote 0
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the money market funds saved. if we have 3.5 trillion fun missile by 30 million people who on is and they might are worrying about whether they can get their money that was half of all the process held by u.s. banks at the time you have a panic. you had commercial paper frees up entirely in the biggest companies of the united states and some are described in this book that worried whether they were going to meet their payroll and a short period of time to read the sixth largest bank in the country in terms of the domestic deposits, washington mutual failed over a weekend. y
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the...